By Gokhan Yildiz
ISTANBUL (AA) - Türkiye’s many advantages, including its geographical location, incentive programs, human resources, diverse markets, and the nation’s adaptability to global changes, attract global investors, said the head of the Turkish Presidency’s Investment Office.
Burak Daglioglu told Anadolu that senior executives from 13 countries, including the US, Germany, UK, China, and some Gulf states, the vice presidents of the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) attended the 10th Türkiye Investment Conference in Istanbul.
The conference, chaired by Turkish President Recep Tayyip Erdogan, hosted executives of firms in manufacturing, finance, energy, and other sectors with a combined size of roughly $3.5 trillion.
Daglioglu stated that while some firm heads talked about their ongoing operations in Türkiye, some others revealed future plans, with a special emphasis on green and digital transformation and acceleration of investment processes, which are significant areas for global competition in investments and trade.
“We received (from executive statements and ministers) very valuable feedback on the investment environment in our country,” said Daglioglu.
“The shared points from all the executives were the confidence in the current economic program, the satisfaction derived from the roadmaps set forth for green and digital transformation, and the assessments that Türkiye could grab a larger share from global trade,” he added.
- Macroeconomic stability, policy confidence incentivize investors
Daglioglu said the macroeconomic stability and policy confidence have been the most mentioned areas by investors during the meeting, in addition to Türkiye’s advantages.
“It is possible to say that there is a serious interest from executives in the High Tech Investment Program, the HIT-30, with positive comments and assessments from firms on this incentive program,” he said.
“Another incentive was the Ministry of Energy and Natural Resources’ roadmap target of producing 60 gigawatts of renewable energy capacity by 2035, which boosted energy investor appetite both from national and international firms, as Türkiye’s commitment to adapting to green transformation and decarbonization has been appreciated by the firms,” he added.
Daglioglu added that investments contribute to maintaining the current account balance, creating more employment, and technology transfers.
“We want investors to come to Türkiye now more than ever,” he said, adding that they had the opportunity to find out the areas requiring reforms by companies with the final declaration at the meeting.
It is a “very pleasing situation” that Türkiye’s policy choices to improve the investment environment are fully compatible with the recommendations of international investors, he added.
*Writing by Emir Yildirim